NIFTY FUT(B)29.10.09

NIFTY 5 DAY 10 MIN: NF HAD RESISTANCE AT 4791 WHICH IT FOUND IT DIFFICULT TO CROSS

ONCE 4791 WAS TAKEN OUT IT FACED HURDLE AT 4826 WHICH WAS PREVIOUS CLOSING WHICH IT WAS NOT ABLE CROSS AND IT CAME DOWN SHARPLY

MACD( MOVING AVERAGE CONVERGENCE DIVERGENCE): MACD HAD GIVEN 2 TRADE SIGNALS

1 : GO SHORT :AT 4783 MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH NF MADE LOW OF 4772

2 : GO LONG: AT 4767 MACD LINE GAVE POSITIVE CROSSOVER AFTER WHICH NF MADE DAY HIGH OF 4826

NIFTY FUT(A) 29.10.09

NIFTY1 DAY 1 MIN :MARKETS OPENED ON NEGATIVE NOTE TAKING CUES FROM ASIAN MARKETS AND U.S MARKETS WHICH WERE IN NEGATIVE TERRITORY

NF HAD MADE A DOUBLE TOP (MARKED WITH ARROW) AT 4790 A SHORT TRADE COULD HAVE BEEN INITIATED

NIFTY SPOT HAS CLOSED AT VERY IMPORTANT LEVEL OF 4750 AND SENSEX AT 16052

RELIANCE IND: RESULTS OF RIL ARE BELOW ESTIMATE THUS TOMORROW MARKET MIGHT OPEN GAP DOWN

NIFTY HAS GOOD SUPPORT AT 4725 AND 4700 WHICH I THINK WILL HOLD

NIFTY FUTURE 27.10.09(B)

NIFTY 5 DAY 5 MIN: NF FOUND IT DIFFICULT TO CROSS THE TREND LINE WHERE IT FACED RESISTANCE .

MACD(Moving Average Convergence Divergence):MACD GAVE SHORT SIGNAL TWICE.

1. WHEN NF WAS AT 4919.70 THE MACD SIGNAL LINE (RED LINE) GAVE CROSSOVER OF MACD LINE (GREEN LINE) AS MARKED WITH AN ARROW AFTER WHICH IT REACHED 4867 AT LOWEST POINT
2. WHEN NF WAS AT 4867.45 THE MACD SIGNAL LINE GAVE CROSSOVER OF MACD LINE AS MARKED WITH ARROW AFTER WHICH IT MADE DAY LOW OF 4838

NOTE: MACD IS CONSIDERD AS LAGGARD INDICATOR
I HAVE TAKEN =
AVG PERIOD : 9
SHORT PERIOD: 9
LONG PERIOD : 24
ALL THE INICATORS ARE IN SIMPLE MOVING AVERAGE

NIFTY FUT 27.10.09(A)

NIFTY FUT 1 DAY 1 MIN: NIFTY FUT OPENED ON NEGATIVE NOTE AND REMAINED ON NEGATIVE SIDE THE WHOLE DAY

IT BROKE CRUCIAL LEVELS OF 4950,4920,4900 AND 4850 WHICH IS NEGATIVE SIGN FOR THE MARKETS

RBI POLICY : TODAY'S FALL COULD BE ATTRIBUTED TO RBI'S CREDIT POLICY .RBI TIGHTENED NPA NORMS FOR BANKS AND INCREASED REAL ESTATE PROVISION TO 1% FROM 0.4%.IT ALSO REVISED INFLATION TGT TO 6.5% FROM 5% FOR MARCH 31,2010 .IT KEPT CRR ,REPO AND REVERSE REPO RATE UNCHANGED .BUT HIKED SLR(STATUTORY LIQUIDITY RATIO) TO 25% FROM 24%

TURNOVER : MARKET RECORDED 3RD HIGHEST OVERALL TURNOVER AT 1.46 LAKH CRORE .WHILE F&O CLOCKED HIGHEST TURNOVER EVER OF ABOUT 1.20 LAKH CRORE

NIFTY FUT 16.10.09(A)

NIFTY FUT 5 DAY 5 MIN: NIFTY FUT TOOK SUPPORT AT VARIOUS POINTS OF THE TREND LINE (SHOWN WITH ARROW) WHICH I HAVE EXTENDED FROM YESTERDAY'S CHART

THE TREND LINE WAS BROKEN (SHOWN WITH AN ARROW) AT 5134 AND MADE LOW OF 5120

ADX : AGAIN ADX GAVE BUY SIGNAL WITH POSITIVE CROSSOVER BUY THE GREEN LINE AT 5117 AND MADE HIGH OF 5147 THOUGH ADX WAS NOT STRONG BUT IT WAS RISING SLOWLY

Nifty Fut 14.10.09 (5100!!!)

NIFTY5 DAY 5 MIN : NIFTY FUT CROSSED 5100 WHICH WAS THE TARGET . IF YOU REFER TO MY EARLIER POST I HAD MENTIONED 5100 AND 5150 WOULD BE NEXT TGT .SO NEXT TGT WOULD BE 5150

NIFTY FUT TOOK SUPPORT AT VARIOUS POINTS AS SHOWN ABOVE WHICH WERE 5095 TO 5105 .THESE ARE TELVELS TO WATCH OUT ON THE DOWNSIDE

NITY FUT 12.10.09(B)

NIFTY 5 DAY 5 MIN: NIFTY FUT MOVED UP WITH STRONG VOLUMES FROM 4962 TO 5062 IN ABOUT 35 MIN

ADX: AGAIN MY TRUSTED FRIEND ADX GAVE A BUY SIGNAL WELL BEFORE THAT BIG UP MOVE SHOWN ABOVE WITH BIG GREEN CANDEL

IT GAVE POSITIVE CROSS OVER AT 4962 AND WENT UP TO 5062 .ADX ALSO GAVE BOUNCE FROM OVERSOLD LINE (20)

WITH THIS UPMOVE 5100 AND 5150 IS NOT TOO FAR WHERE IT MAY FACE RESISTANCE AND ARE MY INITIAL TARGETS IN COMING DAYS


INFORMATION ON ADX: SOURCE INVESTOPEDIA

AVERAGE DIRECTIONAL INDEX

What Does Average Directional Index - ADX Mean?
An indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional so it will quantify a trend's strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.

Investopedia explains Average Directional Index - ADX
Analysis of ADX is a method of evaluating trend and can help traders to choose the strongest trends and also how to let profits run when the trend is strong.

NIFTY FUT 12.10.09 (A)

NIFTY FUT 1 DAY 1 MIN : NIFTY FUT MOVED IN A GOOD RANGE BETWEEN 4940 AND 5000 TILL AFTERNOON BUT BY 1.30 PM IST IT STARTED MOVING UP WITH GOOD VOLUMES AND ENDED THE DAY +120 POINTS (5055) WITH HIGH OF 5075.

AUGUST IIP: IN THE AFTERNOON IIP DATA WAS RELEASED WHICH WAS AT 10.74% v7.2% WHICH ALSO HELPED MARKET TO MOVE UP QUICKLY

NIFTY FUT TOOK GOOD SUPPORT AT 5046 IN LATE AFTERNOON AND NEVER BROKE THAT LEVEL , SO LEVELS TO WATCH OUT WOULD BE 5050 AND5045

NIFTY FUT 8.10.09

NIFTY 3 DAY 3 MIN :

NIFTY FUT 8.10.09

NIFTY 1 DAY 1 MIN CHART:

NIFTY FUT 7.10.09 (B)

NIFTY FUT 5 DAY 5 MIN: NIFTY FUT HAD GIVEN SELL SIGNAL AS RED LINE HAD GIVEN NEGATIVE CROSSOVER BUT ADX WAS WAS SHOWING DOWN WARD MOVEMENT .SO THE TREND WAS NOT VERY STRONG BUT IT HAD GIVEN SELL SIGNAL
AT 5055 AND HAD GONE DOWN TO 4983 WITH IN 40 MINUTES

IF ONE REFER'S TO MY PREVIOUS POST(6.10.09) SAME SIGNAL WAS GIVEN BUT IT WAS BUY AND ADX WAS ALSO VERY STRONG

http://ritesh-researchreports.blogspot.com/2009/10/nifty-fut-61009-b.html

NIFTY FUT 6.10.09 (B)

NIFTY FUT 5 DAY 5MIN :NIFTY FUT OPENED ON A POSITIVE NOTE BUT CAME DOWN SHARPLY AFTER THAT WITH VOLUMES OF AROUND 2400000 NIFTY FUT TRADED IN 5 MIN

BUT IN THE AFTERNOON IT STARTED RECOVERING AND BUY SIGNAL WAS GIVEN IN ADX WHEN IT MADE POSITIVE CROSSOVER AT 4945 AS SHOWN ABOVE WHICH IS VERY GOOD INDICATOR OF TREND REVERSAL

Nifty Fut 6.10.09

NIFTY FUTURES 1 DAY 1 MIN: NIFTY FUT CAME DOWN HEAVILY IN THE MORNING FROM 5010 TO 4957 WITH GOOD VOLUMES .

IT TOOK RESISTANCE AT 4945 (SHOWN WITH ARROW) , ONCE THIS WAS BROKEN IT HAD GIVEN CLEAR BUY SIGNAL.

NIFTY FUT ALSO MADE INVERTED HEAD AND SHOULDER PATTERN WHERE THE NECKLINE WAS AT 4945 AS SHOWN WITH ARROWS